2014 Annual Report released

2014 was a good year for DSV in many respects.

06.02.15
"We grew with our customers — existing as well as new — and we gained market share in all business areas. Not least, we delivered results in line with the expectations announced at the beginning of the year. The Air & Sea Division was the main contributor to the growth in earnings, whereas the Road Division was affected by the ever present intense competition in our industry. We have a promising outlook for 2015; the investments we have made over the past couple of years to increase our productivity give us a solid basis for harvesting the best results from global market growth," says Jens Bjørn Andersen, CEO.

Outlook for 2015

Gross profit is expected to be in the range of DKK 10,500-10,900 million

Operating profit before special items is expected to be in the range of DKK 2,700-2,900 million

Net financial expenses are expected to approximate DKK 300 million

The effective tax rate of the Group is expected to be close to 25%

The free cash flow, before any acquisition or disposal of entities, is expected to approximate DKK 2,000 million